Here are five things to know about the telehealth company’s financial performance for the first quarter, which ended March 31.
1. Teladoc posted a 41 percent year-over-year increase in revenue in the first quarter at $180.8 million.
2. The company posted $43.7 million in visit revenue for the first quarter, up 93 percent from $22.6 million during the same time last year.
3. Teladoc’s net loss was $29.6 million for the first quarter compared to $30.2 million for the first quarter of 2019.
4. The company anticipates total revenue for the second quarter between $215 million and $225 million, with full-year 2020 revenue expected between $800 million and $825 million.
5. Teladoc expects total visits between 2.3 million and 2.4 million during the second quarter and between 8 million and 9 million for the full year.
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